Brookwood Investment Group LLC Sells 8,725 Shares of Cemex S.A.B. de C.V. $CX

Brookwood Investment Group LLC lessened its position in Cemex S.A.B. de C.V. (NYSE:CX) by 36.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,061 shares of the construction company’s stock after selling 8,725 shares during the quarter. Brookwood Investment Group LLC’s holdings in Cemex were worth $104,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CX. Cambridge Investment Research Advisors Inc. raised its holdings in Cemex by 137.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,252 shares of the construction company’s stock worth $175,000 after acquiring an additional 18,114 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Cemex by 21.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company’s stock worth $81,000 after acquiring an additional 2,505 shares during the period. Wayfinding Financial LLC bought a new stake in Cemex in the 1st quarter valued at $29,000. Envestnet Asset Management Inc. boosted its holdings in Cemex by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 772,764 shares of the construction company’s stock valued at $4,335,000 after purchasing an additional 55,964 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Cemex by 7.4% during the 1st quarter. Allworth Financial LP now owns 27,651 shares of the construction company’s stock worth $157,000 after purchasing an additional 1,906 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

CX has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Bank of America upgraded shares of Cemex from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $10.80 in a report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a report on Wednesday, October 8th. Citigroup downgraded shares of Cemex from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $9.00 to $10.00 in a report on Monday, October 13th. Finally, Scotiabank downgraded shares of Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price objective on the stock. in a report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.14.

Cemex Price Performance

Shares of Cemex stock opened at $10.29 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.86. The firm’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $7.86. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $10.45. The firm has a market cap of $14.90 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.51.

Cemex (NYSE:CX) last issued its earnings results on Tuesday, October 28th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. Cemex had a net margin of 8.62% and a return on equity of 6.95%. The business had revenue of $230.56 million for the quarter, compared to analyst estimates of $226.73 million. As a group, research analysts expect that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 17th were given a dividend of $0.0224 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 17th. Cemex’s payout ratio is 8.82%.

Cemex Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.